| BALANCE SHEET - PWHOA (3/31/05) |
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| ASSETS: |
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| Operating Assets - General |
|||||||||||
| Checking-Bank Atlantic |
18,848.78 |
||||||||||
| Savings - Bank Atlantic |
108,446.67 |
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| Checking - Union Bank |
126,497.06 |
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| Money Market - SouthTrust |
3,649.97 |
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| Total Operating Assets - General |
257,442.48 |
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| Operating Assets - Cable |
|||||||||||
| Cable Account - Washington Mutual |
27,723.38 |
||||||||||
| Cable Account - Regent Bank |
14,465.23 |
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| Total Operating Assets - Cable |
42,188.61 |
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| Other Assets |
|||||||||||
| Accounts Receivable |
21,656.01 |
||||||||||
| Bulk Cable Receivables |
2,683.50 |
||||||||||
| Newsletter Income Due |
0.00 |
||||||||||
| Prepaid Insurance |
4,504.95 |
||||||||||
| Total Other Assets |
28,844.46 |
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| TOTAL ASSETS |
$328,475.55 |
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| LIABILITIES & EQUITY: |
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| Operating Liabilities |
|||||||||||
| Accounts Payable |
1,224.54 |
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| Prepaid Assessments |
2,768.42 |
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| Prepaid Cable Assessment |
644.73 |
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| Deferred Revenue |
215,250.03 |
||||||||||
| Deferred Cable Income |
48,055.03 |
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| Total Operating Liabilities |
267,942.75 |
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| Members Equity |
|||||||||||
| Members Equity |
24,010.67 |
||||||||||
| Current Year Earnings |
36,522.13 |
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| Total Members Equity |
60,532.80 |
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| TOTAL LIABILITIES & EQUITY |
$328,475.55 |
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| HOMEOWNERS EQUITY: |
|||||||||||
| Total Members Equity |
60,532.80 |
||||||||||
| Less Cable Adjustment |
-3,827.65 |
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| TOTAL HOMEOWNERS EQUITY |
$64,360.45 |
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| BUDGET COMPARISON - PWHOA (3/31/05) |
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| MTD |
MTD |
YTD |
YTD |
Annual |
||||||
| Actual |
Budget |
Actual |
Budget |
Budget |
||||||
| INCOME: |
||||||||||
| Homeowner Assessment |
23,916.67 |
23,916.67 |
71,749.97 |
71,750.00 |
287,000.00 |
|||||
| Interest Income |
116.54 |
100.00 |
313.10 |
300.00 |
1,200.00 |
|||||
| Bulk Cable Assessment |
16,018.33 |
19,416.67 |
48,054.99 |
58,250.00 |
233,000.00 |
|||||
| HO Dock Ins. Premium |
100.00 |
62.50 |
200.00 |
187.50 |
750.00 |
|||||
| Newsletter Advertising |
905.00 |
250.00 |
1,510.00 |
750.00 |
3,000.00 |
|||||
| Golf Tournament Income |
0.00 |
583.33 |
0.00 |
1,750.00 |
7,000.00 |
|||||
| Miscellaneous Income |
25.00 |
0.00 |
24,525.00 |
0.00 |
0.00 |
|||||
| TOTAL INCOME |
41,081.54 |
44,329.17 |
146,353.06 |
132,987.50 |
531,950.00 |
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| EXPENSES: |
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| Maintenance & Common Area Expense: |
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| Irrigation Maint/Upgrade |
1,245.87 |
833.33 |
1,762.36 |
2,500.00 |
10,000.00 |
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| Landscape Replacements |
380.00 |
722.50 |
2,105.00 |
2,167.50 |
8,670.00 |
|||||
| Lawn Maintenance |
3,350.00 |
2,750.00 |
10,200.00 |
8,250.00 |
33,000.00 |
|||||
| Tree Trimming |
0.00 |
2,083.33 |
3,210.00 |
6,250.00 |
25,000.00 |
|||||
| Lake & Dock Maintenance |
150.00 |
150.00 |
450.00 |
450.00 |
1,800.00 |
|||||
| Playground Maintenance |
100.00 |
100.00 |
300.00 |
300.00 |
1,200.00 |
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| Pressure Cleaning |
0.00 |
237.50 |
0.00 |
712.50 |
2,850.00 |
|||||
| Security - Wackenhut |
5,914.29 |
8,166.67 |
21,627.88 |
24,500.00 |
98,000.00 |
|||||
| Security - PBC Sheriff |
0.00 |
425.00 |
760.00 |
1,275.00 |
5,100.00 |
|||||
| Miscellaneous General Maintenance |
0.00 |
83.33 |
0.00 |
250.00 |
1,000.00 |
|||||
| Street Signs |
74.42 |
125.00 |
223.26 |
375.00 |
1,500.00 |
|||||
| Improvements - Golf Proceeds |
0.00 |
333.33 |
0.00 |
1,000.00 |
4,000.00 |
|||||
| Cable TV |
15,862.01 |
19,416.67 |
47,286.92 |
58,250.00 |
233,000.00 |
|||||
| Utilities - Electric |
1,000.00 |
2,291.67 |
5,245.50 |
6,875.00 |
27,500.00 |
|||||
| Total Maint. & Com. Area Expense |
28,076.59 |
37,718.33 |
93,170.92 |
113,155.00 |
452,620.00 |
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| Administrative Expense: |
||||||||||
| Accounting Fees |
0.00 |
125.00 |
0.00 |
375.00 |
1,500.00 |
|||||
| Insurance |
1,501.65 |
1,708.33 |
4,504.95 |
5,125.00 |
20,500.00 |
|||||
| Legal |
0.00 |
533.33 |
117.04 |
1,600.00 |
6,400.00 |
|||||
| Office Supplies |
253.00 |
375.00 |
1,498.01 |
1,125.00 |
4,500.00 |
|||||
| Postage/Other |
208.82 |
291.67 |
713.26 |
875.00 |
3,500.00 |
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| Holiday Lights |
0.00 |
8.33 |
0.00 |
25.00 |
100.00 |
|||||
| Meeting Room Fees |
80.00 |
6.67 |
80.00 |
20.00 |
80.00 |
|||||
| Newsletter Printing Expense |
283.50 |
333.33 |
850.50 |
1,000.00 |
4,000.00 |
|||||
| Management Fees |
2,900.00 |
2,900.00 |
8,700.00 |
8,700.00 |
34,800.00 |
|||||
| Website Management Fees |
90.00 |
25.00 |
135.00 |
75.00 |
300.00 |
|||||
| Taxes-Licenses-Permits |
0.00 |
54.17 |
61.25 |
162.50 |
650.00 |
|||||
| Golf Tournament Expenses |
0.00 |
250.00 |
0.00 |
750.00 |
3,000.00 |
|||||
| Total Administrative Expense |
5,316.97 |
6,610.83 |
16,660.01 |
19,832.50 |
79,330.00 |
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| TOTAL EXPENSE |
33,393.56 |
44,329.17 |
109,830.93 |
132,987.50 |
531,950.00 |
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| NET INCOME/(LOSS) |
7,687.98 |
0.00 |
36,522.13 |
0.00 |
0.00 |
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